Residual500-Is It Legit Or A Scam?

Welcome to my Residual500 Review. There has been some vibe about this company called Residual500,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Residual500 and what to find out if it is a legit company or a scam.
Here is a detailed review on the company Residual500 and I would walk you through the Residual500 company,the compensation plan,the products and the verdict.

Residual 500 Review

Residual 500 provides you with no information on their website on who owns or runs the show.
With Residual 500, we’re dealing with an MLM entity that’s about as nameless as they come.
The official website for Residual 500 doesn’t offer any information in regards to who’s running the company, where it’s based out of, or when it was first founded.
I tried my best to look in every possible nook and cranny for this info, but despite this, I still ended up empty-handed.
The only data I was able to find is the fact that the domain for Residual 500’s website was registered on February 25 of this year (2017). Unfortunately, seeing as how the domain name was registered privately, I can’t tell who the owner is or where this registration took place.

Residual 500 Review – The Products
Residual 500 has an affiliate membership which comes with advertising credits, however, there are no retail products or services for sale.Affiliates for the company only have the affiliate membership to offer, and this means that there’s zero retail sales activity to speak of.

Residual 500 Compensation Plan
Once you pay their monthly monthly membership fee, you can get a position in the Residual 500 compensation plan based on a 2×6 matrix.
This matrix system has positions filled through both direct and indirect recruitment of other affiliates, and commissions are paid out whenever you are able to recruit other people into joining.
Those commissions get paid over the course of 6 levels, with the exact breakdown looking like this —
 Level 1 — Affiliates earn $1 each month per one position that’s filled (cap of two positions total)
 Level 2 — Affiliates earn $0.50 each month per one position that’s filled (cap of four positions total)
 Level 3 — Affiliates earn $1 each month per one position that’s filled (cap of eight positions total)
 Level 4 — Affiliates earn $0.50 each month per one position that’s filled (cap of sixteen positions total)
 Level 5 — Affiliates earn $1 each month per one position that’s filled (cap of thirty-two positions total)
 Level 6 — Affiliates earn $7 each month per one position that’s filled (cap of sixty-four positions total).

Cost To Join Residual 500
The cost to join Residual 500 is $18 per month.

Is Residual500 Actually Legit Or A Scam?
Residual 500 is actually legit and not a scam. To be successful in Residual500 like most mlm companies out there it would depend on your ability to recruit, your lead generation technique and your marketing techniques.

Verdict On Residual 500
Nowhere is this more evident than in the “monthly income calculator” Residual 500 provide on their website.
By punching in how many affiliates they can recruit and how many those recruited will recruit, the calculator spits out potential monthly earnings.
As with all pyramid schemes, once affiliate recruitment dies down so too will commissions paid out.
Being a matrix-based recruitment scheme, this will manifest itself by way of those at the bottom of the company-wide matrix ceasing to pay their monthly $18 fee.
This will see those above them stop getting paid, and if they can’t recruit new affiliates soon enough they too will also stop paying $18 a month.
I hope you enjoyed my Residual 500 review and if you have any questions, please leave them in the comments below.